ManyJobs.com will goal “gray collar” job seekers and can initially be obtainable in two languages – Tamil and English
Matrimony.com plans to monetise the brand new platform by charging commissions from corporations trying to rent staff
The launch comes every week after the listed matrimonial main launched a fintech platform to supply loans for weddings
Matchmaking platform Matrimony.com has ventured into the net recruitment area with the launch of a separate vertical, known as ManyJobs.com.
As per information company PTI, the brand new platform will goal “gray collar” job seekers and can initially be obtainable in two languages – Tamil and English. The corporate is trying to onboard 10 Lakh job seekers within the first six months of the launch.
“For the very first time, after virtually 20 years being in matrimony companies, we’re launching a whole job portal — ManyJobs.com, a distinct vertical altogether. This might be India’s first gray collar job portal for job seekers,” Matrimony.com CEO Murugavel Janakiraman mentioned.
He added that the corporate plans to increase the providing pan-India after “attaining success” in Tamil Nadu.
He mentioned {that a} “lot of job openings” can be found within the gray collar phase, which includes customer support trade, gross sales, retail, hospitality sector. ManyJobs.com is eyeing to be an unique platform for frontline and entry degree job seekers within the southern state.
The brand new platform was launched at an occasion in Chennai by Tamil Nadu industries minister TRB Rajaa.
“I congratulate ManyJobs.com for launching this initiative. I want ManyJobs.com will create many, many roles in Tamil Nadu. It’s good to launch the service within the state as Tamil Nadu is the funding capital of India and we are going to create many extra jobs right here,” Rajaa mentioned.
Janakiraman mentioned that the service can be obtainable for “free” for job seekers, and the corporate plans to monetise the brand new platform by charging commissions from corporations trying to rent staff.
The CEO mentioned that the diversified industrial base and availability of sturdy infrastructure in Tamil Nadu is the explanation behind the corporate selecting the state for the launch of the platform.
Matrimony can be exploring a plan to collaborate with the state authorities to coach freshers with related abilities.
ManyJobs will pit Matrimony instantly towards Data Edge-backed Naukri. The 2 additionally compete within the matrimonial area, as Data Edge operates Jeevansathi.com.
The newest launch comes every week after the listed matrimonial main forayed into the fintech area to supply loans for weddings. The corporate plans to supply a platform for taking marriage ceremony loans within the vary of INR 1 Lakh to INR 1 Cr in partnership with Tata Capital, IDFC First Financial institution, L&T Finance, TVS Credit score, and Bhanix Finance and Funding.
The 2 new choices are anticipated to additional bolster its prime line and create extra streams of income for Matrimony.com.
On the monetary entrance, the Chennai-based firm’s revenue after tax (PAT) rose 5.6% to INR 13.2 Cr within the second quarter (Q2) of the fiscal yr 2024-25 (FY25) from INR 12.6 Cr within the year-ago interval. In the meantime, working income declined 5% year-on-year (YoY) to INR 115.5 Cr within the quarter beneath overview.